The regulatory structure in the United States is largely the result of ________.

Question

Quizplus · Accepted Answer

The regulatory structure in the United States has largely been shaped by financial crises that have occurred throughout history. For example, the Great Depression led to the creation of the Securities and Exchange Commission (SEC) and other regulatory agencies to prevent similar economic catastrophes from happening again. The 2008 financial crisis also resulted in the passing of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which implemented significant regulations on the financial industry.

The Regulatory Structure in the United States Is Largely the Result